All Eyes On Payrolls, But The Real Story Is The Ongoing EM Rout

While payrolls will come and go, the big story remains the accelerating rout in Emerging Markets, where a bevy of currencies, including the TRY, ZAR, INR, IDR and especially the Argentina Peso, have gotten crushed prompting questions if another 1997-style EM crisis is on the horizon.

  • May 4, 2018 7:27 AM